Word: graftings
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...CHARGED. LIU TAI-YING, 67, former Kuomintang treasurer; with perjury, graft, insider trading, and other offenses relating to several financial scandals; in Taipei. Liu, chairman of China Development Financial Holding Corp., was one of the most powerful figures in Taiwan's former ruling party during the 1990s. If convicted, he faces up to 16 years in jail. Liu's indictment is being taken as evidence that President Chen Shui-bian's administration is serious about its pledge to crack down on corruption...
...other things, under the new laws it is illegal to make payments to foreign leaders, through Swiss bank accounts or otherwise. While there are loopholes - payments to foreign political parties, for example, are not included, and some so-called facilitating payments are allowed - experts agree that the days of graft on a grand scale are over. "It can't be the way it was," says Lucinda Low, a leading U.S. anticorruption lawyer. "That kind of open [corruption] has changed." But what is hidden may simply become harder to find. Jermyn Brooks, executive director of Transparency International, a group that fights...
There are always some colorful details thrown in about the origins of the money. Sometimes it’s a payoff from an outgoing government, sometimes it’s an over-invoiced government contract. Other times it’s pure graft. The only common thread is that the money does not belong to him, which is the very reason he needs to get it into a foreign account quickly...
...Challenging bright students to produce important work—not penalizing their lazier peers—should be the ultimate goal of a Harvard education. It is more important to nurture those students who show flashes of individual insight than to engineer a system where talent is subordinated to graft...
...CHILE Graft Scandal Grows Former Public Works Minister Carlos Cruz, a longtime friend of President Ricardo Lagos, was charged with bribe taking in a growing scandal that has undermined the image of the country as Latin America's least corrupt. Five current ruling-party lawmakers are also facing graft charges, but Lagos denied the scandal constituted a crisis for his center-left government...